Monday Afternoon Market Sharing

In the analysis framework of the daily chart, the upward trend is particularly prominent, with strong momentum evident. Once the upper boundary is successfully crossed, various technical indicators follow suit, unanimously pointing to the continuation of the trend, with the overall market trend still firmly biased towards the upside. Further refining to the four-hour chart, it can be seen that the candlesticks continuously rely on the upper moving average for support, presenting a robust upward trajectory. Turning to the one-hour chart, the current candlestick is facing a test of the upper Bollinger Band, while the MA5 and MA10 moving averages converge to form a golden cross pattern. This signal indicates a further strengthening of the trend's momentum, and the momentum indicators also show an increasing tendency. Market participants generally hold an optimistic attitude, with high spirits. Given this strong structure, our strategy follows the trend, opting to place trades on the relatively low positions of the market.

Bitcoin: Around 104000-103500, looking up at 106000-107000#BTC☀ #ETH🔥🔥🔥🔥